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in Tech

iRobot shares surge after UK regulator clears Amazon acquisition

by Editor June 17, 2023, 10:23 am 1.5k Views

iRobot shares surge after UK regulator clears Amazon acquisition

A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts

Scott Eells | Bloomberg | Getty Images

Amazon‘s planned $1.7 billion acquisition of iRobot, the maker of Roomba vacuums, has been greenlit by Britain’s competition watchdog.

The Competition and Markets Authority

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the deal would not result in “a substantial lessening of competition” in the U.K. The CMA opened its probe into the proposed…

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